Compliance Newshub
ACES News

Herald Tribune | By Lew Sichelman | March 2018

Fortunately, the upward trend in defective home loans is not likely to impact borrowers — at least not directly, says Phil McCall, president of ACES Risk Management (ARMCO), which offers quality control services to lenders. But bad loans could have devastating consequences for mortgage producers, who could be forced to buy them back from investors who purchased them on the secondary market.

POMPANO BEACH, Fla., Feb. 15, 2018 — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology™, announced that was named among National Mortgage Professional (NMP) magazine’s annual Top 100 Mortgage Employers list for 2018. This is the second consecutive year the company has been recognized with this distinction.

National Mortgage News | By Brad Finkelstein | January 2018

Lenders need to be aware of a possible investor backlash as critical defects found in closed loans increased in frequency as the shift continued to a purchase market. These defects, the errors that make a mortgage loan uninsurable or ineligible for sale in the secondary market, were seen in 1.76% of all mortgages originated in the second quarter, up from 1.61% in the first quarter and 1.63% in the second quarter of 2016, according to Aces Risk Management. 

HousingWire | By Kelsey Ramírez | January 2018

The mortgage market is generating more defective loans for the third consecutive quarter, however, one expert claimed this increase is to be expected. The critical defect rate increased for the third consecutive quarter, reaching 1.76% in the second quarter of 2017, according to the ARMCO Mortgage QC Trends report from ACES Risk Management. This is up 9% from 1.61% in the first quarter last year. A critical defect is defined as a defect that would result in the loan being uninsurable or ineligible for sale.

POMPANO BEACH, Fla., January 30, 2018 — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology™, announced the release of the ARMCO Mortgage QC Trends Report for the second quarter of 2017. The ARMCO Mortgage QC Trends Report for second quarter 2017 relays loan quality findings for mortgages reviewed by ACES Audit Technology between April 1, 2017 and June 30, 2017.